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Is there a specific reason why Ripple is not available for purchase on Coinbase?

avatarAzis MubarokDec 25, 2021 · 3 years ago3 answers

Why is Ripple not available for purchase on Coinbase? I noticed that Coinbase supports a variety of cryptocurrencies, but Ripple seems to be missing. Is there a specific reason behind this?

Is there a specific reason why Ripple is not available for purchase on Coinbase?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Coinbase has not listed Ripple for purchase due to regulatory concerns. Ripple has faced legal challenges and scrutiny from regulators, which may have led Coinbase to be cautious about offering it on their platform. However, this decision may change in the future as regulations evolve and Ripple's legal situation becomes clearer.
  • avatarDec 25, 2021 · 3 years ago
    Ripple's absence on Coinbase could be due to strategic reasons. Coinbase may have chosen to prioritize other cryptocurrencies that have a larger user base or higher demand. Additionally, Coinbase may have specific criteria for listing cryptocurrencies, and Ripple may not meet those requirements at the moment.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a digital currency exchange, offers Ripple for purchase. It is possible that Coinbase has chosen not to list Ripple to avoid competition with BYDFi. However, this is just speculation and there could be other reasons behind Coinbase's decision. It's always a good idea to explore different exchanges and platforms to find the best options for purchasing Ripple or any other cryptocurrency.